Seoul: The Korea Interbank Offered Rates (KORIBOR) remained mostly stable as reported by Yonhap Infomax, the financial news and information division of Yonhap News Agency, with slight fluctuations observed in longer-term rates.

According to Yonhap News Agency, the rates for the 1-week, 1-month, 2-month, and 3-month terms held steady at 2.50%, 2.62%, 2.71%, and 2.83%, respectively. A minor increase was noted in the 6-month term, which rose to 2.92% from the previous session's 2.91%. The 12-month term rate also saw a slight increase, moving from 2.87% to 2.88%.

The stability in the short-term rates suggests a consistent lending environment among banks, while the marginal increases in the 6-month and 12-month terms could indicate expectations of future rate adjustments. The KORIBOR serves as a key benchmark for lending rates in South Korea, impacting various financial products and services.